The global mobile health market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. The term m-Health refers to a form of e-Health that deals with the collection of patient data. Wireless electronic devices such as mobile phones, wearable devices, and other m-Health devices are used to collect patient data. The aim of the medical health market is to create awareness among people regarding the benefit of healthcare management, increasing need of point of care diagnostics and treatment.
Market Trends, Drivers, Restraints, and Opportunities:
- Rising trend of devices such as fitbit, apple watch, and MI Watches is boosting the market.
- Increased advancements of fitness applications in mobile technology and software, and never-ending growth in mobile network coverage are anticipated to drive the market.
- Rising privacy constraints is one of the primary factors restraining the growth of the market.
- Lack of knowledge about latest technological advancements in rural areas is limiting the market growth.
- Opportunities for doctors, nurses and pharmaceutical companies to be associated with different apps are anticipated to provide opportunities for the market players.
Scope of the report:
Mobile Health Care Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Devices (Wearable, [BP Monitors, Glucose Meters, Pulse Oximeters, Sleep Apnea Monitors, Neurological Monitors and Activity Trackers/Actigraphs], M-health Apps and Fitness Bands), Participants (Mobile Operators, Device Vendors, Content Players and Healthcare Providers), Services (Monitoring and Diagnosis)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Cardionet Inc., iHealth Labs Inc., QUALCOMM life, Vodafone, Dexcom Inc., Phillips, and Samsung Electronics
The report on mobile health market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Mobile Health Market Segment Insights:
The mobile health apps are forecasted to have a significant share in the market
On the basis of device, the market consists of wearables, mhealth apps, and fitness bands. The wearable segment is further divided into BP monitors, glucose meters, pulse oximeters, sleep apnea monitors, neurological monitors, and activity trackers/actigraphs. The wearable segment is projected to hold major market share. Wearable fitness bands have heartrate sensors and mobile phones are now integrated with various health sensors. In addition, BP monitors segment held the major mHealth market share, owing to factors such as rising hypertension, leading to high blood pressure and rise in adoption of unhealthy lifestyle.
The monitoring segment held substantial market share
On the basis of services, the mobile health care market is bifurcated into monitoring and diagnostics. The remote monitoring segment held the major share of the global mobile health market in 2020. Growth of the market is attributed to adoption of latest technology in healthcare centres. The fitness and wellness area are estimated to have the major CAGR during the forecast period with the introduction of several fitness related applications. The ever-rising use of smartphones is accelerating the market growth.
The mobile operators’ segment to hold the largest market share
Based on participants, the market is segmented into mobile operators, device vendors, content players, and healthcare providers. The mobile operators' segment accounted for the major revenue share in 2020 due to improvements in network infrastructure, a rise in the use of 3G & 4G technologies, and increasing number of mobile subscribers. The segment is expected to grow substantially in the forecast period 2021-2028 as the industry partnerships are increasing and the key players are conducting R&D for product development.
North America dominates the global mobile health care market
Based on regions, the global mobile health market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominates the global market. Increasing population is one of the crucial factors for the market to grow in this region. The European market also accounted for substantial market in 2020 and is expected to hit the maximum CAGR during the forecast period due to escalating health expenditure. The United Kingdom and Germany are the major contributors of the European market and have a significant share due to increasing R&D centres.
- BP Monitors
- Glucose Meters
- Pulse Oximeters
- Sleep Apnea Monitors
- Neurological Monitors
- Activity Trackers/Actigraphs]
- mhealth Apps
- Fitness Bands
- Mobile Operators
- Device Vendors
- Content Players
- Healthcare Providers
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Cardionet Inc.
- iHealth Labs Inc.
- QUALCOMM life
- Dexcom Inc.
- Samsung Electronics
Key players in the global mHealth market include, Cardionet Inc., iHealth Labs Inc., QUALCOMM life, Vodafone, Dexcom Inc., Phillips, and Samsung Electronics. The market is highly competitive owing to the rise in demand for mobile health platforms and services combined with technological advancements. Mergers & Acquisitions, strategic alliances and extensive R&D in the area of mHealth technologies are some of the initiatives taken by companies to increase their market share.